WALTHAM, Mass., Mar. 19 /PRNewswire/ -- Oak Industries, Inc. (NYSE: OAK), announced today that it will submit a proposal, which its board of directors will recommend, to its shareholders for a one-for- five reverse stock split. This proposal will be included in the company's proxy statement as a matter to be voted on at the company's annual shareholders's meeting to be held on May 6, 1993. A company spokesperson indicated that the company believes that such a reverse split should improve the attractiveness of the stock to the financial community and to the investing public, and should broaden the range of investors and analysts who would follow the stock.
Oak Industries, Inc., provides components and controls for leading manufacturers in a range of industries, including cable television, consumer appliances, electronics, test and measurement equipment, military, telecommunications and transportation. The company is pursuing a strategy for growth through new-product introductions, ongoing productivity enhancements and acquisitions.
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/CONTACT: William C. Weaver, CFO of Oak Industries, 617-890-0400; or Jean M. Devine of Sharon Merrill Associates, 617-262-1800, for Oak/
(OAK)

CO: Oak Industries, Inc. ST: Massachusetts IN: CPR, TLS SU:

DH -- NE013 -- 8067 03/19/93 17:21 EST

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